Chembio Discusses Novel Rapid Test Patent Application and the Need for Rapid Testing with AudioStocks.com; New Technology Demonstrates Substantially Improved Performance in Preliminary Studies


MEDFORD, N.Y., June 21, 2005 (PRIMEZONE) -- Chembio Diagnostics, Inc. (OTCBB:CEMI) recently announced that it has filed a second new patent application with the United States Patent and Trademark Office for a novel method and device for rapid testing incorporating a form of lateral flow technology. The Company believes that this patent application is a significant departure from conventional lateral flow product designs and that it has shown substantially improved performance compared to such conventional products based upon preliminary studies that the Company has conducted.

The interview is available at www.audiostocks.com.

About Chembio

Chembio Diagnostics, Inc. (Chembio) possesses expertise in the development and manufacturing of rapid test products for various infectious diseases, including HIV, Tuberculosis and Chagas Disease. References to Chembio Diagnostics, Inc. may actually refer to Chembio Diagnostic Systems, Inc., the 100%-owned subsidiary of Chembio Diagnostics, Inc. Chembio is located at 3661 Horseblock Road, Medford, NY, 11763. Chembio's telephone number is 631-924-1135. Email can be directed to info@chembio.com. Additional information can be found at www.chembio.com.

About AudioStocks.com

AudioStocks.com is an internet based publishing platform designed to create, catalogue, distribute and make functional, financial content and data related to that content. AudioStocks.com solutions generate rich media exposure for public and private companies, industry groups and investment professionals through the AudioStocks.com proprietary software platform. AudioStocks.com software is primarily used to: (1) facilitate executive and company participation in industry and event-based roundtables and conferences; (2) create and distribute audio-based content related to a particular private or public company or an industry in which a company conducts business; (3) append interview-related and other rich media content to traditional press releases; and (4) for registered investment professionals only, to add interview-based audio content to financial research. AudioStocks.com content is distributed to millions of individuals online and over 30,000 financial professionals, including North American and international buy-side analysts, investment research professionals and portfolio managers. All content is copyrighted to protect licensing partners.

This Press Release contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of interviewed companies. For this purpose, any statements contained herein or incorporated herein by reference that are not statements of historical fact may be deemed forward-looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of the interviewed companies that could differ materially and substantially from those indicated by such forward looking statements.



            

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